Strategic Partnerships Will Empower Millions of Internet Users to Instantly Place Low Cost Net2Phone Telephone Calls Direct From Snap.com and NBC Web Sites.

NBC and Snap.com to acquire equity stakes in Net2Phone Inc.

NEW YORK and SAN FRANCISCO, August 9, 1999 ---- Snap.com, NBC.com and NBC Interactive Neighborhood, today announced the completion of three strategic agreements with Net2Phone Inc. to distribute and market Internet telephony services throughout these top NBC Web properties.

Under the multiple-year agreements, Net2Phone’s PC-to-phone service will be prominently positioned within Snap.com (www.snap.com), the Internet’s fastest-growing major portal service, allowing users to search Snap.com’s white and yellow page phone listings and instantly dial any listed telephone number with one click -- direct from Snap.com. All that is needed is a multimedia PC and Net2Phone software, available through a free download on the Net2Phone web site (www.net2phone.com).

Net2Phone will receive a featured link on the NBC.com home page (www.nbc.com) and its PC-to-phone services will be fully integrated throughout the NBC.com site and throughout NBC Interactive Neighborhood (NBC-IN), allowing national and local NBC viewers and Internet users to make one-click Internet phone calls worldwide. NBC-IN (www.nbcin.com) is NBC’s online network of owned and affiliated stations, featuring localized community information and services on more than 100 television station Web pages, nationwide, covering approximately 65% of the United States.

As part of the agreements, NBC, a unit of General Electric, and Snap.com, NBC and CNET’s Internet portal services company, will acquire equity stakes in Net2Phone Inc. NBC also will retain the right to nominate a member to Net2Phone Inc.’s board of directors. NBC’s sister company, GE Capital (also a subsidiary of General Electric), will acquire an equity stake in Net2Phone Inc. Financial terms of the deals were not disclosed.

Snap.com is slated to be merged with NBC.com, NBC Interactive Neighborhood and other NBC Internet assets and XOOM.com, Inc. (NASDAQ: XMCM), one of the fastest-growing community-based sites on the Web and a leading direct e-commerce services company, to form one of the first publicly traded Internet companies combining these services in a strategic relationship with a major broadcast television network. The new company, to be called NBC Internet (NBCi), will use Snap.com as its umbrella consumer brand, integrating broadcast, portal, and e-commerce services.